On Wednesday, April 5th 2017, European Investment Bank together with Bruegel think tank organized a workshop on “Micro- and macro-based methods in assessing the impact of investment”. The one-day event was held at Bruegel’s premises in Brussels and attracted a lot of attention from various policy institutions, including European Commission and European Parliament, think tanks, impact evaluation practitioners and journalists. Overall more than 100 people participated in the sessions. The workshop was split into two main parts focusing on micro- and macro aspects of the topic, respectively. The event was on-the-record.
The sessions were opened by Debora Revoltella (EIB) and Guntram Wolff (Bruegel). It was highlighted that impact assessment has gained a lot of attention in the recent years, following the need to accurately evaluate the performance of public and private investment initiatives. The EIB and Bruegel have always been ready to take the initiative in the development and critical re-evaluation of these methods and to reflect on the best practices which policy makers and practitioners should take into account when designing and implementing micro- and macro-based impact assessment frameworks. At the same time the speakers highlighted the need to better understand the additionality of investment project and the justification for public intervention. They also encouraged the participants to be actively engaged in the discussions.
Presentation were given by Helmut Kraemer-Eis and Simone Signore (EIF), Robert P. Lieli (Central European University), Simon Mizrahi (African Development Bank), Amine Ouazad (Ecole Polytechnique in Palaiseau), Marcin Wolski (EIB) and Francesco Di Comite (JRC), Kim Swales (University of Strathclyde in Glasgow), Aron Gereben (EIB), and Gregory Claeys (Bruegel).
The workshop discussed various methodologies at the micro and macro levels. In particular, the EIF presented micro-based models for assessing the impact of their credit guarantee products as well as venture capital. The EIB and JRC presented the features of RHOMOLO-EIB, a global equilibrium model which is being used to assess the short and long-term macroeconomic impacts of EIB activities and EFSI.